What is WabiSabi CoinJoin and how does it increase privacy for merchants using BTCPay Server?

What is WabiSabi CoinJoin and how does it increase privacy for merchants using BTCPay Server?

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February 2, 2023 by Admin
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BTCPay Server Adds WabiSabi CoinJoin Plugin, Giving Option For Increased Privacy For Merchants Introduction BTCPay Server, a popular open-source payment processing platform, has just announced the integration of the WabiSabi CoinJoin plugin. This integration will allow merchants to enhance their privacy and anonymity when processing Bitcoin payments. What is WabiSabi CoinJoin? WabiSabi CoinJoin is a
592 btcpay server adds wabisabi coinjoin plugin giving option for increased privacy for merchants

BTCPay Server Adds WabiSabi CoinJoin Plugin, Giving Option For Increased Privacy For Merchants

Introduction

BTCPay Server, a popular open-source payment processing platform, has just announced the integration of the WabiSabi CoinJoin plugin. This integration will allow merchants to enhance their privacy and anonymity when processing Bitcoin payments.

What is WabiSabi CoinJoin?

WabiSabi CoinJoin is a privacy-enhancing technique that allows multiple users to pool their Bitcoin transactions together so that their origins become indistinguishable. This means that merchants can mix their payments with other transactions to make it impossible for anyone to trace a specific payment back to the original sender.

Benefits for Merchants

The integration of the WabiSabi CoinJoin plugin into BTCPay Server provides several benefits for merchants, including:

  • Increased privacy: By using the WabiSabi CoinJoin plugin, merchants can protect their financial information from prying eyes.
  • Reduced risk of fraud: The anonymity provided by the plugin makes it harder for fraudsters to target merchants.
  • Lower transaction fees: By combining multiple transactions into one, merchants can save money on transaction fees.

How it Works

When a customer makes a Bitcoin payment to a merchant using BTCPay Server, the transaction is sent to the WabiSabi CoinJoin pool. The pool then bundles multiple transactions together using complex cryptography, making it impossible to trace any individual transaction back to its source.

Once the transactions are bundled, they are sent back to BTCPay Server. From there, the merchant can see that a payment has been made, but they cannot see the details of the transaction or who sent it. This protects both the merchant and the customer from prying eyes.

Conclusion

The integration of the WabiSabi CoinJoin plugin into BTCPay Server is a significant step forward for merchants who value financial privacy and anonymity. By providing an option for increased privacy, merchants can reduce their risk of fraud and save money on transaction fees. With the rise of privacy concerns, this new plugin is a welcome addition to the payment processing landscape.